The Malta Stock Exchange (MSE) has reported its best-ever financial results, with record revenue and profit in 2024 — bolstered by higher listing activity and rising returns on financial instruments.

Revenue rose 4.3% to €9.32 million, while operating profit jumped 10.3% to €5.43 million, despite a nearly 6% increase in costs tied to tech upgrades and workforce development.

Executive Chairman Joseph Portelli described the results as a “clear reflection of our strategic direction and operational discipline,” noting the exchange now boasts a net profit margin of 41% — up from 38% in 2023 and among the highest globally.

The exchange paid a €2.25 million dividend on the back of its strong performance — a 225% increase on the 2015 payout. Net income is now 129% higher than it was a decade ago.

Total assets climbed 10.7% to €15.6 million, largely driven by higher-yielding interest-bearing investments. Interest income and a healthy pipeline of listings were the main drivers of profitability.

The record comes against the backdrop of a 5% expansion in Malta’s economy, fuelled by strong domestic demand and tourism. MSE’s performance contrasts with the more turbulent global environment, where inflation and rate uncertainty continue to cloud markets.

Looking ahead, the Exchange says it will double down on efforts to boost market liquidity and support capital markets growth — even as investor attention turns to looming corporate bond risks and potential regulatory shakeups.